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NASDAQ:MRVL

Marvell Technology Group Stock Forecast, Price & News

$38.05
+0.15 (+0.40 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$37.16
Now: $38.05
$38.17
50-Day Range
$32.79
MA: $36.75
$41.19
52-Week Range
$16.45
Now: $38.05
$41.34
Volume5.83 million shs
Average Volume9.64 million shs
Market Capitalization$25.50 billion
P/E Ratio18.21
Dividend Yield0.63%
Beta1.03
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which comprise Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, embedded communication processors, and Ethernet adapters and controllers. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip (SoC) products, which are integrated into various end devices, such as enterprise access points, home gateways and voice assistants, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer SoC products and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.16 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:MRVL
CUSIPG5876H10
Phone441-296-6395

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.70 billion
Cash Flow$1.17 per share
Book Value$12.56 per share

Profitability

Net Income$1.58 billion

Miscellaneous

Employees5,633
Market Cap$25.50 billion
Next Earnings Date12/1/2020 (Estimated)
OptionableOptionable
$38.05
+0.15 (+0.40 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

How has Marvell Technology Group's stock price been impacted by Coronavirus (COVID-19)?

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MRVL shares have increased by 72.9% and is now trading at $38.05.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Marvell Technology Group?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Marvell Technology Group
.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Tuesday, December 1st 2020.
View our earnings forecast for Marvell Technology Group
.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its quarterly earnings data on Thursday, August, 27th. The semiconductor company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The semiconductor company had revenue of $727.30 million for the quarter, compared to analyst estimates of $720.88 million. Marvell Technology Group had a return on equity of 3.10% and a net margin of 50.67%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share.
View Marvell Technology Group's earnings history
.

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group announced a quarterly dividend on Friday, September 25th. Investors of record on Monday, October 12th will be given a dividend of $0.06 per share on Wednesday, October 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.63%.
View Marvell Technology Group's dividend history
.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group declared that its Board of Directors has authorized a share repurchase program on Tuesday, October 16th 2018, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group issued an update on its third quarter earnings guidance on Thursday, August, 27th. The company provided earnings per share guidance of $0.22-0.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.25. The company issued revenue guidance of $712.5-787.5 million, compared to the consensus revenue estimate of $766.51 million.

What price target have analysts set for MRVL?

23 equities research analysts have issued twelve-month price targets for Marvell Technology Group's shares. Their forecasts range from $25.00 to $50.00. On average, they expect Marvell Technology Group's stock price to reach $39.50 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
View analysts' price targets for Marvell Technology Group
.

Are investors shorting Marvell Technology Group?

Marvell Technology Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 17,560,000 shares, an increase of 17.4% from the August 15th total of 14,960,000 shares. Based on an average trading volume of 7,920,000 shares, the days-to-cover ratio is currently 2.2 days.
View Marvell Technology Group's Short Interest
.

Who are some of Marvell Technology Group's key competitors?

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), salesforce.com (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Square (SQ).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the following people:
  • Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
  • Ms. Jean Hu, Chief Financial Officer (Age 56)
  • Mr. Neil Y. Kim, Exec. VP & CTO (Age 60)
  • Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 59)
  • Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (12.94%), Vanguard Group Inc. (9.40%), Nuveen Asset Management LLC (1.80%), Goldman Sachs Group Inc. (1.55%), Neuberger Berman Group LLC (0.84%) and Bank of America Corp DE (0.70%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, Syed Ali and Willem A Meintjes.
View institutional ownership trends for Marvell Technology Group
.

Which institutional investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, FIL Ltd, Vanguard Group Inc., TimesSquare Capital Management LLC, Menora Mivtachim Holdings LTD., Victory Capital Management Inc., Goldman Sachs Group Inc., and Russell Investments Group Ltd.. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Richard Hill, and Willem A Meintjes.
View insider buying and selling activity for Marvell Technology Group
.

Which institutional investors are buying Marvell Technology Group stock?

MRVL stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Holocene Advisors LP, Ceredex Value Advisors LLC, Neuberger Berman Group LLC, Bank of America Corp DE, Great West Life Assurance Co. Can, Robecosam AG, and CIBC Private Wealth Group LLC. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan.
View insider buying and selling activity for Marvell Technology Group
.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $38.05.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $25.50 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is www.marvell.com.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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